gnore new fuel price, IPMAN tells marketers

Ignore new fuel price, IPMAN tells marketer
“Even though we are happy with the new development and the Federal Government should be commended for the gesture, the government should consider the fact that no sane marketer or businessman will continue operating their business at a loss.

“Before the last announcement, many of our members had already bought and loaded their vehicles with the product at old prices from Lagos, Port Harcourt and Warri and we spent five to seven days before reaching our destinations. So we are not going to sell the product at the new price until we sell the old stocks.”
He said the union would not hesitate to ask its members to withdraw their services should any filling station of their  members be closed for not selling at the new pump price of N123.50 per litre.
Compliance low as monthly petrol price review begins
The compliance by filling stations in Abuja and surrounding Niger and Nasarawa states to the new N123.5/litre pump price of petrol was low on Wednesday.
It was also gathered that the monthly price modulation exercise for petrol had effectively commenced after the Federal Government declared N123.5/litre as the cost of petrol price for April.
Although some of the filling stations were not open for business when our correspondent visited the outlets on Wednesday morning, officials at the few ones that dispensed products claimed not to be aware of the new petrol price.
Some others stated that the information had yet to fully circulate to marketers, adding that dealers of petroleum products would comply when adequately briefed.
A popular private filling station on Kubwa Market road, Nipco filling station on Zuba-Kubwa road, Abuja, and two others in Zuba, Niger State, dispensed petrol at the old N125/litre price.

The NNPC filling station on Zuba-Kubwa road had yet to start dispensing when our correspondent visited the outlet due to the very limited vehicular movement in Abuja occasioned by the lockdown.

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